February 27, 2024
Future Market Insights Global and Consulting Pvt. Ltd.

Future Market Insights Global and Consulting Pvt. Ltd.

Demand for Single-source Environment Health and Safety Providers is Growing as Consumers Seek a Comprehensive Solution for All Their Safety Requirements, the environment health and safety industry in the United States is anticipated to account for a value of US$ 2.8 billion by 2034.

NEWARK, Del, Feb. 08, 2024 (GLOBE NEWSWIRE) — The global environment health and safety market value is expected to rise from US$ 7.8 billion in 2024 to US$ 15.8 billion by 2034. This estimated growth is expected to be driven by a moderate CAGR of 7.30% in the environment health and safety industry over the next decade.

Governments across the globe are enacting stringent environmental and safety regulations. Thus driving demand for EHS solutions as they ensure compliance. Additionally, companies are now incentivized to invest in optimized EHS management systems as non-compliance penalties are becoming stricter.

Request For Sample Report: Elevate Your Industry Intelligence with Actionable Insights

Companies are employing environment health and safety solutions to enhance their EHS records, as it leads to consumer trust and a positive brand image. Thus leading to a competitive advantage. In line with this, businesses are integrating EHS considerations into their supply chains. Thereby, there is an increasing demand for responsible practices throughout the value chain.

Key players are focusing on integrating their EHS solutions with IoT, AI, and other technologies to remain competitive in the market,” Says Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.

Key Takeaways from the Environment Health and Safety Market Report

  • The environment health and safety market attained a value share of US$ 7.2 billion in 2023. In the historical period, the market attained a growth rate of 9%.

  • The United States and China are the top consumers of environmental health and safety solutions, contributing to sales worth US$ 2.8 billion and US$ 2.6 billion, respectively, by 2034.

  • In Europe, the United Kingdom appears to be a robust market, growing at a healthy pace of 8.3%.

  • In the global market, South Korea is anticipated to experience a notable growth of 9.1% over the forecast period.

  • Penetration of environment health and safety software is projected to record a CAGR of 7.1% through 2034.

  • The cloud segment is anticipated to register a CAGR of 6.8% over the forecast period.

Competitive Insights into the Environment Health and Safety Industry

Key players in the market are investing in research and development activities to come up with an extended product portfolio. Additionally, players are extending their footprint by acquiring smaller companies, collaborating with other organizations, and raising their investments. Industry participants are introducing their EHS software and services in an affordable price range to survive market competition.

A key business strategy adopted by leading players to increase their market share is local manufacturing to lower operating costs. Prominent players that have been increasing their efforts to raise market demand include Cority, Gensuite, and others.

Notable Environment Health and Safety Companies

  1. AECOM

  2. Jacobs

  3. Intelex Technologies

  4. Enablon

  5. Tetra Tech, Inc.

  6. SAP SE

  7. Golder Associates

  8. SGS SA.

  9. ERM Group, Inc.

  10. VelocityEHS

  11. John Wood Group PLC

  12. RPS Group

  13. ETQ

  14. Cority (Medgate)

  15. Sphera

  16. Others

Recent Development in the Environment Health and Safety Market

  • In October 2023, EHS International, a group whose area of focus is resolving and addressing companies’ environmental, safety, and health requirements, made its debut in Ireland after a US$ 5.40 billion investment.

  • In January 2024, Origami Risk, the industry safety, risk, and insurance SaaS technology firm, introduced a new mobile app for safety and risk professionals to facilitate risk management as well as EHS functions.

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights

Environment Health and Safety Market by Category

By Product:

  • Software

  • Services

    • Analytics

    • Project Deployment and Implementation

    • Business Consulting and Advisory

    • Audit, Assessment, and Regulatory Compliance

    • Certification

    • Others

By Deployment Mode:

By End Use:

By Region:

Authored By:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:

Environment Testing, Inspection, and Certification Market Overview: The global market size was valued at US$ 17873.84 million in 2022 and is likely to reach a valuation of US$ 19,035.60 million in 2023.

Paper and Plastic Film Capacitors Market Size: The global market is poised to surpass US$ 2.7 billion by 2023, surging at a remarkable CAGR of 5.4% through 2033 to reach US$ 4.5 billion.

Safety Relays Market Outlook: This industry is projected to expand at 8.3% CAGR during the forecast period 2023 to 2033, states Future Market Insights (FMI). Revenue is poised to increase from US$ 630.3 billion in 2023 to US$ 1.4 billion by 2033.

Safety Valve Market Review: Global Market sales are set to reach US$ 4.4 billion in 2023. Over the forecast period, global demand for safety valves is expected to increase at 8.6% CAGR By 2033.

Security and Surveillance Equipment Market Forecast: This Global market is estimated to be valued at US$ 17.8 Billion in 2022 and is projected to increase at a CAGR of 4.8% in the forecast period from 2022 to 2032.

Insoluble Dietary Fiber Market Growth: This Market is currently valued at US$ 2,200 Million and is expected to develop at a 9.2% CAGR, reaching US$ 5304.6 Million.

Probiotic Supplements Market Share: The Global Market is estimated to be valued at US$ 7,078.1 million in 2023. It is anticipated to reach US$ 23,977.9 million in 2033.

Laser Welding Equipment Market Key Trends: The global laser welding equipment market size reached US$ 2,761.4 million in 2023. Over the forecast period, laser welding equipment demand is anticipated to rise at 5.7% CAGR.

Building Automation System Market Analysis: The market is anticipated to be worth US$ 47,800 million in 2023. The market is expected to progress at a promising rate over the 2023 to 2033.

Digestive Health Supplements Market Demand: The Market is estimated to reach US$ 17,160 million in 2023. With demand expanding at a 6% CAGR, the market size is projected to reach US$ 29,648.6 million over the forecast period.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube


Leave a Reply

Your email address will not be published. Required fields are marked *